2026-02-05
STH-NUPL: -47.88%.
Bitcoin price in the same daily row: $62,795.00. The cohort had a net unrealized loss under this model.
Cost basis
STH-NUPL
Short Term Holder NUPL: net unrealized profit or loss.
Latest daily observationProvisional day
- STH-NUPL
- 9.86%
- Bitcoin price
- $82,448.31
Observation: UTC. Dataset updated: .
Updated daily, normally at 09:30 Europe/Madrid. Latest hourly bucket starts 2026-10-09 07:00 UTC (hour start).
This day is incomplete and may change. Daily flows accumulate through the latest update; they differ from a single hourly point.
Recent daily values
The last seven closed UTC days. These values remain daily when you change the chart range.
| Date (UTC) | STH-NUPL | Bitcoin price |
|---|---|---|
| 2026-10-08 | 9.01% | $81,676.02 |
| 2026-10-07 | 10.73% | $83,274.86 |
| 2026-10-06 | 13.13% | $85,553.52 |
| 2026-10-05 | 13.55% | $85,756.06 |
| 2026-10-04 | 14.53% | $86,510.16 |
| 2026-10-03 | 12.81% | $84,746.87 |
| 2026-10-02 | 12.57% | $84,500.84 |
Formula
STH-NUPL = (market value − realized value) / market value = 1 − 1 / STH-MVRV.
How to read it
Positive NUPL indicates an aggregate unrealized gain under the model; a negative value indicates an aggregate unrealized loss. Values are displayed as a percentage of market value, rather than a return on acquisition cost.
Limitations
- NUPL and MVRV express the same underlying relationship in different units. They are not independent confirmations of a trading signal.
- On-chain movements include transfers between an owner's own wallets. They do not establish actual purchases, sales or investor identity.
- The latest day is provisional. Data is updated daily; hourly resolution does not mean hourly publication.
Historical examples
Selected mechanically: the lowest and highest closed-day STH-NUPL in the available history (2023-01-01 to 2026-10-08). These are observations, not forecasts or trading signals.
2024-03-04
STH-NUPL: 30.14%.
Bitcoin price in the same daily row: $68,091.84. The cohort had a net unrealized gain under this model.
Download these closed daily observations (JSON)
Source: Computed from the chain (BigQuery public dataset crypto_bitcoin), hourly resolution. Price source: Bitstamp BTC/USD hourly candles. rows before 2025-10-06 computed with daily prices (Coin Metrics); hourly prices from then on Methodology and sources.